Adient to sell seating mechanism IP to AYM for $20M

Adient will sell certain patents and intellectual property used in its seating mechanisms business to Adient Yanfeng Seating Mechanism (AYM) for $20 million, with a license back.

“Adient will sell certain patents and other intellectual property exclusively used in its seating mechanisms business to Adient Yanfeng Seating Mechanism (AYM) for $20 million.”dbusiness.com

• 1 source
• dbusiness.comAdient in Plymouth Township to Restructure JV with Yanfeng to Boost Shareholder Value - DBusiness MagazineTim KeenanJan 31, 2020

Summarized from public sources; check the original articles before acting on it.